Biomet CEO: Beware of soft rationing in healthcare

Jeff Binder, CEO of Biomet, expresses concern that Medicare RAC audits and physician gain-sharing are just synonyms for rationing healthcare.

Biomet CEO Jeff Binder worries that healthcare rationing is already in practice, a growing trend spurred by policies enacted over recent years to curb the rising cost of care.

Binder, speaking at a panel on AdvaMed's annual conference in Boston on payment and healthcare delivery said he was, "concerned with the approach we're seeing. The only way these [cost containment] issues will be addressed over time is with rationing."